Banking + Finance

Payday loans become reform target for MN lawmakers

Here’s a recent USA Today headline: “Payday loan fees can trap you,” Another one from the L.A. Times: “Most payday loan borrowers get stuck in ‘revolving door of debt&...

March 27, 2014

WalletHub Map

MN Among States Least-Dependent On Fed Government

Taking into account returns on taxpayer investment, how much each state receives in federal funding, and the ratio of federal employees, WalletHub ranked Minnesota third on its list of states least-dependent on the federal government.

March 27, 2014

M&A

KleinBank, One Of MN’s Largest Banks, Plans Acquisition

With existing assets totaling nearly $1.6 billion, KleinBank will be adding about $205 million more after acquiring Prior Lake State Bank.

March 26, 2014

New online instant gambling a winner, lottery director says

Weeks after launching its online instant gambling program, the Minnesota Lottery has declared it a success, with daily sales totaling as much as $3,500. MPR News quotes Minnesota Lottery Director...

March 25, 2014

James Dolan

Dolan Co. Pays $1.5M In Severance To Departing Leaders

The Dolan Company is making severance payments to its founder and another longtime leader who resigned in conjunction with its bankruptcy filing, which lists $185.9 million in debt and $236.2 million in assets.

March 25, 2014

State goes after mortgage company accused of misleading veterans

The Minnesota Department of Commerce has taken legal action against the Mortgage Investors Corp., which it calls a “scam mortgage company.” In a press release issued Monday, the...

March 24, 2014

Heart

Recent Changes Are Making Charitable Giving More Personal

New tax laws, new donor priorities and new tools for charitable giving are changing philanthropy and wealth management.

March 24, 2014

Two former investment agents accused of swindling elderly clients

Two former employees of Ameriprise Financial Services are accused of defrauding elderly clients and their former employer of more than $930,000, according to the Minnesota Department of Commerce...

March 19, 2014

Thanks, Uncle Sam: Survey shows how we'll spend our tax refunds

Splurge…or plan for a rainy day? According to a new survey reported in the Wall Street Journal, half of all American adults who expect to get a tax return this year indicate that they plan to...

March 18, 2014

Christopher & Banks’ Stock Jumps Despite Drop In Sales

The women’s clothing retailer beat analysts’ expectations as it neared profits for its fourth quarter, and it announced plans to consolidate more stores.

March 13, 2014

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